PEPE token has dropped 63% since last week, when it reached a $1.8 billion market capitalization after a staggering rally. Source: https://www.coindesk.com/markets/2023/05/11/smart-money-traders-reduce-pepecoin-holdings-by-3m-as-meme-coin-mania-cools/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Internal Revenue Service and crypto investigations company Chainalysis are working with Ukraine to target Russian oligarchs using crypto to evade sanctions. Source: https://www.coindesk.com/policy/2023/05/11/irs-chainalysis-and-ukraine-targeting-russian-crypto-sanctions-evaders-jointly/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving …

BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients …

The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 …

Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders. Source: https://www.coindesk.com/tech/2023/05/11/threshold-network-goes-live-with-wormhole-to-bridge-bitcoin-to-20-blockchains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November. Source: https://www.coindesk.com/business/2023/05/11/hut-8-first-quarter-revenue-drops-64-as-bitcoin-mining-difficulties-bite/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The European Banking Authority doesn’t want private crypto initiatives to threaten monetary policy privileges Source: https://www.coindesk.com/policy/2023/05/11/eu-could-veto-large-stablecoins-during-mica-approval-process-regulator-signals/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Blockchain Fund II is a private equity fund and will carry a minimum investment sum of $100,000. Source: https://www.coindesk.com/business/2023/05/11/franklin-templeton-to-list-blockchain-fund-targeting-institutional-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. regulatory body is probing related-party transactions that may have violated securities laws. Source: https://www.coindesk.com/business/2023/05/11/bitcoin-miner-marathon-first-quarter-earnings-beat-estimates-as-sec-extends-probe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines